Luis Merino 🇪🇸 | Satoshi Club:
Hello everyone and welcome to another AMA session with Satoshi Club.
Yes guys, don’t worry… Your favorite moderator is back 😜😂
Our guests today are from a huge project, Orion Protocol.
@timotheahorwell, welcome to Satoshi Club 😊 it’s a pleasure to
have you here.
Andrés M. | Satoshi
Club:
Welcome @timotheahorwell, we are glad to have you here👋
Timothea | Orion
Protocol:
Pleasure to be here!
Luis Merino 🇪🇸 | Satoshi Club:
How are you today?
Timothea | Orion
Protocol:
Very well thanks! And yourself?
Andrés M. | Satoshi Club:
We are excited to know more about Orion protocol😃
Luis Merino 🇪🇸 | Satoshi
Club:
I’m doing great too! Hyped about this AMA 🎉
Andrés M. | Satoshi
Club:
🥳
Luis Merino 🇪🇸 | Satoshi
Club:
So please, Timothea, as an introduction, can you tell us a few words about
yourself?
And also, give us a short introduction to Orion Protocol 😉
Timothea | Orion Protocol:
Me too 🙂
I’m Timothea and I’m CMO of Orion Protocol. Over the last decade I’ve worked with tech companies in the data, mobile, and fintech space – from building business strategies at a start-up incubator, through to Head of Marketing and Research at Telefonica. I joined Orion Protocol last year when I met with some of the team – led by Alexey Koloskov, the creator and Chief Architect of the Waves DEX – and realized that what they were building had the potential to revolutionize trading by creating a much needed portal to the entire crypto market!
Orion Protocol was born out of the need to solve three major issues in the crypto landscape: liquidity, fragmentation, and centralization.
Fragmentation of liquidity has started to wear thin on traders, increasingly frustrated with high spread, high slippage, lack of trading pairs, and the need for multiple accounts on different exchanges.
Luis Merino 🇪🇸 | Satoshi Club:
Great background 👀😊
Timothea | Orion
Protocol:
Not to mention, the majority of liquidity is held on centralized exchanges,
meaning traders have to risk their assets in order to trade!
Timothea | Orion
Protocol:
What started as an ambitious plan in 2018 to decentralize CEX liquidity became
a mission to create the first decentralized portal to the crypto market: Orion
Terminal.
Luis Merino 🇪🇸 | Satoshi Club:
You are right
Timothea | Orion
Protocol:
In three days, on March 31st, 2021 at 5pm UTC, Orion Terminal’s public Main Net
goes live. Users can access global liquidity from major centralized exchanges,
directly from their wallet, on one decentralized platform – marking the beginning
of the future of trading. We have ~100,000 users who already applied for early
access to the terminal!
OrionProtocol.io/orionterminal
Luis Merino 🇪🇸 | Satoshi Club:
We are almost there! Just 3 days 😊😊😊
Timothea | Orion
Protocol:
Finally, almost there 😬
Andrés M. | Satoshi Club:
Wow, congratulations😃, is there any chance to join too early access yet?
Timothea | Orion
Protocol:
Sure, we’re still onboarding users who applied for early access 🙂
Andrés M. | Satoshi Club:
Satoshiclubbers let’s join this great platform😃
Luis Merino 🇪🇸 | Satoshi Club:
I have already joined 😏
Timothea | Orion Protocol:
Love that 😄
Andrés M. | Satoshi
Club:
Timothea, thank you so much for this interesting introduction, we have
collected some community question for the first part of the AMA
Timothea | Orion
Protocol:
Great! Look forward to hearing them 🙂
Andrés M. | Satoshi Club:
Let’s go🥳
Q1 from Telegram User @ninoska0012
The integration of Avalanche into the Orion Protocol marks a major step forward for Orion as an independent exchange aggregator in the chain. While many multi-chain aggregators require end-users to select the separate chains and operate with the available tokens in that chain. Do the multiple chains built into Orion Terminal remain on the back end? How is the user experience?
Timothea | Orion
Protocol:
Absolutely! As a decentralized gateway to the digital asset market, Orion
Protocol has, and always will be, chain-agnostic. Indeed, many multi-chain
aggregators require end-users to select the separate chains and trade on the
tokens available on that chain. However, the multiple chains integrated into
Orion Terminal remain in the back-end for a seamless user experience. Upon
launch, Orion Terminal will be on Ethereum and Binance Smart Chain, with
Avalanche and Elrond scheduled for Q2
The multiple chains remain in the back-end for a user experience more akin to that of a CEX – but without surrendering your assets.
Andrés M. | Satoshi
Club:
Great work, I’m excited to see that officially😁
Timothea | Orion Protocol:
Within the terminal, we have the order books of connected exchanges aggregated into one order book. For example, you can see orders from Binance, AscendEX (Bitmax), and Kucoin on the right.
Andrés M. | Satoshi Club:
What about the fees? Could the users receive benefits by trading levels?
Timothea | Orion Protocol:
On Orion Swap, users only need to sign one trade for complex swaps without direct trading pairs (e.g. GRT > ORN) resulting in lower fees and faster execution.
Luis Merino 🇪🇸 | Satoshi
Club:
And how about the trading pairs? How many are there?
Timothea | Orion Protocol:
Orion Terminal launched phase one of Main Net on the Ethereum blockchain. Since then, Orion has integrated and is in the process of integrating other chains compatible with the EVM (Ethereum Virtual Machine) for scalability, accessibility, and interoperability across multiple chains – while reducing costs.
Our expansion to BSC halves wait times for off-chain order execution and on-chain order settlement. Transactions on BSC cost 135x less than they currently cost on Ethereum, making commissions for deposits, withdrawals, order execution, etc. on the terminal negligible.
Terminal users can save 20% on trading fees by using ORN. For trades that don’t use ORN, the trading fee is used to market buy ORN and permanently remove from circulation
On March 31st, around forty of the most liquid and popular pairs will be available across ETH and BSC, including BTC, ETH, LINK, DOT, ADA, YFI, UNI, OMG, GRT, BNB, and more.
Luis Merino 🇪🇸 | Satoshi Club:
20% not that bad 👀
Timothea | Orion
Protocol:
As the ecosystem grows, so will access to pairs. Orion will introduce a voting
mechanism into the protocol to introduce new pairs each week:
- Voting will be on-chain so only ORN holders can vote
- Voters will be able to choose from several assets and pairs weekly
- Holders will be given three days to submit their vote
Initially, new pairs will be proposed by Orion and voted on by ORN holders. In time, this will become entirely decentralized, with ORN holders proposing new pairs and voting on them. We wanted to give our community as much control as possible in the selection of trading pairs available on Orion Terminal, by starting with the most liquid pairs and allowing ORN holders to vote moving forward.
Luis Merino 🇪🇸 | Satoshi Club:
Thank you! 😊👍
Sounds great
Timothea | Orion Protocol:
Indeed! There are lots of benefits to holding ORN.
Timothea | Orion
Protocol:
We’ve ensured deep utility of the token across the entire protocol, integrating
it into all main transactions to take the form of an internal currency or
utility token. ORN will give holders a range of benefits, plus additional
functionality including discounted trading, advanced features, protocol access,
and lucrative staking returns.
https://blog.orionprotocol.io/holdorn
Andrés M. | Satoshi Club:
So, which will be the main benefits for ORN holders different to that one?
Timothea | Orion
Protocol:
Users who hold ORN tokens will be able to unlock additional premium services on
the platform. ORN holders will be able to set advanced trading orders that are
not available to other users, such as controlling Stop Loss and Take Profit
parameters.
Holding ORN will also provide benefits for other products across the roadmap, including first access to Orion Margin Trading (the first 100x decentralized margin trading) and Orion Lending (aggregating lending APRs from centralized and decentralized providers for the best available rate).
But most of all, holding ORN enables the most profitable staking in DeFi, launching in Q2 🙂
Luis Merino 🇪🇸 | Satoshi Club:
Can we know the APY?
Or is it a secret? 😅😅
Timothea | Orion Protocol:
Well, there’s no set APY as it’s determined based on several staking
parameters:
Protocol Daily Volume: This is the expected amount of transactional volume that Orion Protocol has daily. What makes Orion different to other aggregators/exchanges is that their protocol volume includes volume from flagship product, Orion Terminal, combined with the volume from all other DeFi products (including Liquidity Boost Plugin, DEX Kit, Enterprise Trade Widget, and Launchpad Liquidity). Some of these solutions will already be generating revenue prior to staking launch: ORN holders could yield huge staking rewards from our B2B products alone since all transactions from B2B products are executed via our Brokers.
Total ORN Staked: The current amount of ORN staked on Orion Protocol. When main net staking is live, this number will display the live amount of ORN staked on the Protocol (current circulating supply: 20 million, of which ~12 million is staked).
Your ORN Staked: The amount of ORN you want to stake on Orion Protocol. Please note, there is no minimum to stake.
ORN Market Price: The market price of ORN to determine the USD value of your stake. As the volume increases, consider increasing ORN Market Price to avoid an unrealistic APY.
Lockups: Rewards are compounded daily if you choose to receive them in ORN, and will be distributed to your stake automatically. Stakers can opt for no lock-up, 7 days lock-up, or 1-month lock-up, with the APY increasing with the lock uptime.
Andrés M. | Satoshi Club:
Then is the perfect opportunity to buy 😁
Timothea | Orion
Protocol:
We’ve created a staking calculator (calc.orionprotocol.io) to allow holders to
determine their lucrative rewards. If, for example, we amassed the same daily
volume as SushiSwap (not even taking into consideration our B2B partnerships),
this volume would yield over 175% APY for ORN holders at current market price.
The returns are even more lucrative with increased volume from our B2B
partners.
To some, this could sound too good to be true… The yield-farming industry, rife with rugpulls, has left many skeptical of ‘unbelievable APYs’. Furthermore, some projects are able to offer high APYs due to the inflationary nature of most staking mechanisms, simply minting new tokens for rewards.
Luis Merino 🇪🇸 | Satoshi Club:
Oh… My… God…
Timothea | Orion
Protocol:
Unlike other inflationary staking models, Orion staking rewards are not
generated through minting new tokens. ORN is supply-capped at 100m (though it
will never reach that due to a number of strategic methods to remove tokens
from circulation), and new tokens will never be minted.
Instead staking rewards are generated through volume from Orion Terminal, combined with the volume from all other DeFi products, some of which will be generating revenue prior to staking launch. As such, unlike other exchanges or aggregators, ORN holders could yield huge staking rewards from our B2B products alone. 🤑
Luis Merino 🇪🇸 | Satoshi
Club:
Thank you for your complete answers, Timothea
Are you ready for the next question? 😊
Timothea | Orion
Protocol:
I am indeed!
Luis Merino 🇪🇸 | Satoshi
Club:
@AndresM77 shoot it 🚀
Q2 from Telegram User @Gutike95
Now that we’re with the recent NFT token boom, could this really further increase the innovation Orion brings to projects that create their stores on it? How will the NFTs benefit those projects? Will they be able to create and sell it with Orion?
Timothea | Orion
Protocol:
Assuming they mean Orion, not Origin 😉
However, we recently announced that we’re building the first NFT aggregator – aggregating every NFT marketplace into Orion Terminal
Much like the wider crypto industry, NFT assets are fragmented across multiple marketplaces, with each marketplace competing for volume and visibility. By their very nature, NFTs are unique digital assets that cannot be replicated. As a result, sellers have to choose the marketplace they think will yield the best price for their assets, while buyers have to hop between multiple marketplaces to find the assets they’re looking for.
Orion Protocol is built on the most advanced liquidity aggregator ever developed, and will soon aggregate every digital asset exchange into one decentralized platform. It acts as a gateway to the fragmented crypto market, aggregating the liquidity, order book depth, and trading pairs of the market into one portal. In doing so, Orion Protocol will be the first platform that sits between the end user and the entire crypto market, including NFTs 🙂
Andrés M. | Satoshi Club:
I hope😅, btw is interesting how this hot topic has influenced Orion protocol
Timothea | Orion Protocol:
One point of access to NFTs will benefit seasoned NFT traders by reducing the need to trade across marketplaces while increasing accessibility of NFT assets to a wider userbase.
perhaps most critically, most marketplaces take only BTC and ETH as payment methods. On Orion Terminal, traders will be able to seamlessly swap any ERC20 token for an NFT via a complex swap.
Indeed! Our business development team are always looking to build and expand depending on market needs
Luis Merino 🇪🇸 | Satoshi Club:
Any ERC20 token. Sounds good. How are you going to deal with high gas fees?
Timothea | Orion
Protocol:
We have a few solutions in place, we’ll be releasing more info soon 🙂
Andrés M. | Satoshi Club:
I see, DeFi, NFT, you are always in 👏
At the forefront I mean
Luis Merino 🇪🇸 | Satoshi Club:
Looking forward to that new info. Gas fees are overwhelming 🤯
Timothea | Orion Protocol:
🙂 We’re constantly building. Through partnerships and internal development, Orion Terminal we want to become the portal to the crypto landscape. Additional features to be added this include lending, margin trading, leveraged ETFs, derivatives, contract trading, NFTs, decentralized copying, and staking of any digital asset type.
Tell me about it 😣
That’s why we’ve already integrated BSC into the terminal, and look forward to integrating Avalanche and Elrond in the comng months!
Andrés M. | Satoshi Club:
Yes, is interesting how do you provide solutions for that liquidity problem, could it represent a threat to Orion terminal?
Timothea | Orion Protocol:
Not at all, Ethereum is an essential part of the ecosystem to enable integrating other chains compatible with the EVM (Ethereum Virtual Machine) for scalability, accessibility, and interoperability across multiple chains. We’re chain-agnostic though, and can add new chains as we see fit 🙂
Luis Merino 🇪🇸 | Satoshi Club:
💪💪
Timothea | Orion
Protocol:
The Ethereum network is incredibly expensive right now, but BSC ensures the
fees are minimal on the terminal
Andrés M. | Satoshi Club:
Great work It seems you have everything under control💪
Thank you for this detailed answer, do you want to add something else before the next question?🥳
Timothea | Orion
Protocol:
Let’s move on to the next one 🙂
Q3 from Telegram User @Wormz28
On the website, I’ve read that one of your future features is the Staking of any digital asset type, and offering stakers high rewards is of the utmost importance to you. So how’s the process in Staking on Orion Protocol and how do you generate your Staking Rewards? Also, when is the exact release date of Orion’s Main Net Staking and is there a sign up for us to be notified as soon as Orion’s Main Net Staking goes live?
Timothea | Orion
Protocol:
Indeed, we’re in final testing of main net staking and it isn’t far away, but
we want to be able to provide significant staking rewards.
Staking rewards are generated through volume from the Terminal as well as each B2B product. So, we’ve prioritized the development of a number of our B2B solutions ahead of schedule to ensure significant volume on staking launch, including Orion Liquidity Boost Plugin, Orion Launchpad Liquidity, and Orion DEX Kit. All of this is to ensure high rewards for stakers.
You can sign up to be notified when it’s live here! https://calc.orionprotocol.io/
Luis Merino 🇪🇸 | Satoshi Club:
I love that calculator. Very useful and easy to use 😊👍
Thanks for sharing.
Timothea | Orion
Protocol:
Staking rewards will be generated through protocol volume, which includes:
Orion Liquidity Boost Plugin (https://www.orionprotocol.io/liquidityboostplugin) to provide endless liquidity to exchanges (clients include COTI, Polkastarter, Polkamarkets, YFDAI, KeyTango, NORD, PlasmaPay, and more)
Orion Launchpad Liquidity (http://orionprotocol.io/launchpadliquidity) to build a swap DEX for launchpads that taps into all of our liquidity, allowing them to list incubated projects on their own DEX (clients include DuckDAO, Poolz, KickPad, and DAO Maker)
Orion Oracle (https://blog.orionprotocol.io/chainlinkoracles), enabling a market-leading price oracle that is resilient to price manipulation due to price derivation from every order book in the market (clients include Chainlink)
Orion Developer Kit (https://www.orionprotocol.io/developerkit), an open-source repository to allow anyone to build decentralized apps on the protocol (clients include BOT Ocean)
And so much more (including a DEX Kit, Collateral Optimization, Wallet SDK Swap, Enterprise Trade Widget, etc). We could be here all day talking about our DeFi solutions and their contribution to staking returns 🙂
Luis Merino 🇪🇸 | Satoshi Club:
💪💪💪💪
Very complete answers.
Andrés M. | Satoshi
Club:
Yes, all that info only increase the excitement for the coming launching 💪
Luis Merino 🇪🇸 | Satoshi
Club:
With plenty of information. I’m very sure Satoshi Club community is enjoying
this AMA 😉
Timothea | Orion Protocol:
Indeed! We’ve paid close attention to our predecessors, and identified one of the major causes of failure as lack of substantial revenue streams: focusing on one solution, one product, and one audience.
That’s not what we’re about – we’re here to build a sustainable future of DeFi. That’s why we’ve developed an ever growing number of revenue streams across over a dozen solutions for traders, crypto projects, blockchains, and exchanges – each with the ORN token at its core.
https://blog.orionprotocol.io/revenuestreams
Andrés M. | Satoshi
Club:
Btw, could you tell us more about your partner ecosystem?😃
Timothea | Orion
Protocol:
Absolutely! We’re astutely aware of the value of strong partnerships in
building out our ecosystem, expanding our offering, and ultimately ensuring our
sustainability. We’ve been focused on building out our ecosystem through
mutually-beneficial integrations with some of the leading projects across
multiple sectors, further developing our infrastructure, security,
accessibility, visibility, and more.
We have amassed over 40 partners so far, and we will continue to add to our ever-growing ecosystem.
This includes the likes of Chainlink, COTI, Binance, KuCoin, Elrond, and many more 🙂
https://blog.orionprotocol.io/partnersexplained
Luis Merino 🇪🇸 | Satoshi Club:
Huge partners! Congratulations 👏
Timothea | Orion Protocol:
Indeed! And some big ones coming up 👀
Luis Merino 🇪🇸 | Satoshi
Club:
Partnerships are indeed the path to follow 💪
Andrés M. | Satoshi Club:
Wow, really a big ecosystem
Timothea | Orion Protocol:
Thanks 🙂
Andrés M. | Satoshi Club:
I’m looking the name of “Certik”, they audited your platform? Could you give us more details about the audit process?
Timothea | Orion
Protocol:
Indeed, Certik has successfully completed a full-scale security audit,
including VAPT of the smart contracts and Substrate modules on the Terminal.
They’ll continue to audit every new and existing development and solution we
build!
blog.orionprotocol.io/certikaudit
Andrés M. | Satoshi Club:
I’m impressed, you make a great job increasing the user trust 😁👏
Luis Merino 🇪🇸 | Satoshi Club:
Fantastic!!! 👏👏👏
Timothea | Orion
Protocol:
We’re taking that a step further with our recent partnership with Polkacover
too 🙂
PolkaCover will provide a Whitelabel solution to offer insurance cover to Orion traders, including coverage for hacks of connected exchanges, legal fees, phishing attacks, and more to be added later. Orion Terminal is the decentralized gateway to the crypto market and will allow users to trade directly across any major exchange directly from their wallet – pulling in liquidity from major centralized exchanges. In the case that Orion Terminal users are trading on exchanges that are compromised, the exchange hack cover will protect users for their assets on those exchanges.
One of the leading concerns for new users coming on board is the security aspect of trading on any platform. This integration will reinforce the existing Orion Terminal safety net so users can trade with confidence, knowing their funds are safe from exploits, hacks, and rug pulls.
https://blog.orionprotocol.io/polkacover
Andrés M. | Satoshi Club:
That’s why traders need, a project that cares about them💪
Timothea | Orion Protocol:
Indeed, safety and security is of paramount importance to us 🙂
Andrés M. | Satoshi Club:
Thank you for providing all that info, I think the question is covered, are you ready for the next one?🥳
Timothea | Orion
Protocol:
For sure!
Q4 from Telegram User @marketingrentable
One of the main problems in exchanges is liquidity, and currently, in the market, there are many liquidity exchanges to choose from, but very few or none, which guarantee the best performance of the funds. Based on this premise, what does the Orion Protocol project offer to users who mainly seek to achieve the best benefits in terms of liquidity and also minimize the risk of going to multiple exchanges?
Timothea | Orion Protocol:
Good question.
To us, fragmentation, centralization, and liquidity are the biggest issues in the space and the largest barriers to the widespread adoption of the industry. Fragmentation of liquidity has certainly started to wear thin on traders, resulting in high spread, high slippage, lack of trading pairs, and the need for multiple accounts on different exchanges.
And as I mentioned earlier, risking your assets on centralized exchanges in order to access substantial liquidity.
With crypto having been described as “nothing more than a fight for liquidity”, the future lies in aggregation of the industry in its entirety. CEX aggregators and DEX aggregators have grown in popularity, but no entity has transcended the two to aggregate the crypto market into one decentralized platform. Until now 😄
The key to success is sustainability through any market – bull or bear. The reality is that regardless of the state of the market, traders and businesses alike need liquidity, volume, custody, and accessibility. They need one portal to access the entire crypto market in one place – without risking their assets. That’s why I’m confident that regardless of whether we’re in a bull or bear market, the industry needs Orion Protocol 🚀
Orion Terminal will help users save their time, money and assets:
Traders no longer need to waste time exchange-hopping: traders will be able access major sources of liquidity in one place. Eventually, this will encompass the entire crypto market.
Traders no longer need to worry about finding the best price for their assets: by aggregating the order books of every exchange, Orion Terminal guarantees the best prices possible, with almost zero spread and zero slippage.
Traders no longer need to risk their assets to access liquidity: traders simply connect their wallet and execute their order across any exchange, centralized or decentralized, without the need for any exchange accounts.
Andrés M. | Satoshi Club:
Haha
Luis Merino 🇪🇸 | Satoshi Club:
OMG
Timothea, how many fingers you have? 😂
Timothea | Orion
Protocol:
Hahahaa
Andrés M. | Satoshi Club:
So, do you pretend to add all the exchanges at the same place? Which of them are you planning to add? I mean apart of Binance, Kucoin, Bitmax
Luis Merino 🇪🇸 | Satoshi
Club:
I’m shocked by your typing speed 😂
Timothea | Orion Protocol:
Our goal is to aggregate every CEX, DEX, and swap pool. Currently, major exchange liquidity is already accessible through Binance, Bitmax, Kucoin and more, without the need for an account on any of these exchanges (or KYC)
Timothea | Orion
Protocol:
Uniswap is currently being integrated too 🙂
Luis Merino 🇪🇸 | Satoshi Club:
Nice one 👏
Andrés M. | Satoshi Club:
Amazing goal, what is the main objective in your roadmap for this 2021?
Luis Merino 🇪🇸 | Satoshi Club:
💪💪💪💪
Timothea | Orion Protocol:
As I mentioned, our flagship product Orion Terminal (http://orionprotocol.io/orionterminal)will be live in 3 days. We already have ~100,000 users who have signed up for early access to the terminal, so we’re incredibly excited to see what launch brings us…
Our next major milestone is introducing Main Net staking. We’re in final testing and it isn’t far away, but we want to be able to provide significant staking rewards.
As I touched on, staking rewards are generated through volume from the Terminal as well as each B2B product. So, we’ve prioritized the development of a number of our B2B solutions ahead of schedule to ensure significant volume on staking launch to ensure high rewards for stakes.
Naturally, a major focus of ours is the NFT aggregator. We’re working with a number of partners and marketplaces to have this ready as soon as possible to capitalize on the insane NFT space right now!
You can find our roadmap here, but we’re intending on delivering a number of these solutions ahead of schedule blog.orionprotocol.io/2021
Additionally, expansion beyond the existing crypto space is critical for our sustainability as a business, and as an industry. Working with Alliance Block, we’ll provide the likes of private banks, wealth managers, and funds a singular, compliant, and non-custodial point of access to the crypto market – funneling new users and significant amounts of capital into the space. blog.orionprotocol.io/alliance-block
Andrés M. | Satoshi
Club:
Our best wishes in all your projects👏
Time to go with our next question, ready?😃
Timothea | Orion
Protocol:
Thank you!
Indeed 🙂
Q5 from Telegram User @AmirJosh
What available wallets can we used to connect to Orion Protocol? Do you have a plan to create your own wallet or App in the future to serve the community more efficiently, for safe storing of assets, and another source of income for the platform?
Luis Merino 🇪🇸 | Satoshi
Club:
Interesting question 😊😊
Timothea | Orion Protocol:
Currently, Coinbase, Fortmatic, and Metamask are integrated! We’re adding more though, including leading wallets. Interesting suggestion though 🙂
I Will feed it back to the team 😏
Andrés M. | Satoshi Club:
Orion wallet, great idea😁
Luis Merino 🇪🇸 | Satoshi Club:
Which ones are you planning to add in a near future?
Timothea | Orion Protocol:
We are working on a Wallet Swap SDK, though! With traders increasingly storing their assets in wallets, why not remove any friction and allow decentralized trading of assets directly from users’ wallet of choice? This allows users of third-party crypto wallets the ability to access Orion’s liquidity via a swap widget directly integrated within the wallet’s interface. Wallet users will be able to swap crypto without leaving their wallet of choice, using liquidity of exchanges without the need for any exchange accounts. This will allow for the least slippage of any solution in market.
TrustWallet, etc 🙂
Luis Merino 🇪🇸 | Satoshi Club:
Hahaha.
Ready for the last question of part 1? 😉😉
Timothea | Orion
Protocol:
I am indeed!
Q6 from Telegram User @mctrho
In Q2-2021 of your roadmap, you will launch “Orion Margin Trading”, can you tell us a little about this novelty? What does it consist of? What benefits will it bring to users? Also, what are your plans after Q2 of your roadmap? Do you have current plans for this year 2021?
Andrés M. | Satoshi
Club:
Partially covered
Timothea | Orion
Protocol:
Indeed, through aggregating the liquidity of and depth of all major centralized
exchanges, Orion Protocol will be the first project to enable high-margin
trading not seen on a decentralized platform. Orion users will be able to earn
passive income on assets by lending their assets in our decentralized margin
trading solution.
2021 is pretty much covered above 🙂
Andrés M. | Satoshi
Club:
@timotheahorwell thank you so much for the amazing answers, I really enjoyed
this first part of the AMA, a lot of new info about the project, that’s what
our community likes😁👏👏
Timothea | Orion
Protocol:
Me too! Glad to be here 🙂
Part 2 — live questions from the Telegram community
Q1 from Telegram User @highpee
Orion Protocol Token has a Total supply of 100,000,000 and you have said that your Circulating supply will never reach this peak, which is very assuring. So what strategic method will Orion Protocol be using to remove $ORN from circulation? How is $ORN designed to attain a DEFLATIONARY status?
Timothea | Orion Protocol:
Our token is supply-capped, meaning no new tokens will ever be minted beyond the max supply of 100m. Max supply will never be in circulation either, due to a number of efforts to strategically remove tokens from circulation. Our significant staking rewards will create scarcity (~55% of tokens are currently staked, and that’s without our main net staking).
Additionally, licensing fees for each of our DeFi products will be used to market buy ORN and permanently remove them from circulation.
Traders using ORN will receive a discount on Orion Terminal. When ORN isn’t used, a portion of the fee will be used once again to market buy ORN and remove from circulation permanently.
Q2 from Telegram User @MCBTrade
The purpose of DeFi implementation is to create a new financial system to replace traditional systems by eliminating subjectivity, bias and inefficiency. Does the Orion Protocol adopt this vision and how does it participate in the development of DeFi?
Timothea | Orion Protocol:
Indeed, to me, it’s clear that a successful decentralized financial system won’t be measured by its ability to exist separately to centralized financial institutions, traditional or otherwise, but one that is able to act as an intermediary between the worlds consumers know and the immature world of DeFi.
DeFi projects must come to terms with the fact that the path towards true decentralized finance will only occur through collaboration, not just with other defi projects, but with traditional entities that monopolize much of the market.
Orion was born out of the need for an intermediate solution that bridges the gap between the centralized and decentralized worlds of crypto: building on decentralized technologies in the most critical parts of the system like custody and final settlement while pulling liquidity from the major players in market — centralized exchanges.
Q3 from Telegram User @BJosefina61
Does ORION PROTOCOL plan to include FIATS ramps within the ecosystem to complement Orion’s functionality as a preferred platform?
Timothea | Orion Protocol:
Indeed, we have several partners for fiat on-ramp, including Mobile Pay, PlasmaPay, and COTI.
Q4 from Telegram User @Guandog
Since you use CEX as well, does it imply that it is mandatory to pass an identity verification of the KYC type or similar?
Timothea | Orion Protocol:
No KYC! Brokers with exchange accounts (or the exchanges themselves) carry out KYC on behalf of traders. Using Orion Terminal will allow access to major centralized exchange liquidity without the need for any accounts – or KYC. Simply trade securely from your wallet 🙂
Q5 from Telegram User @JasmineSha
Dear @timotheahorwell,
Congratulations on going live,
If Orien is so fast as your typing speed it looks so promising 😂
Orien protocol promise to reduce time execution to the half right? At the same time, your goal is to aggregate every CEX, DEX pool, that is really amazing!!! how will you achieve this? execution time changing under pressure, so did you have performed a crowd pressure simulation test for your platform?
another question about Ethereum, all talked about high gas fees, as we already know Ethereum 2 is coming and promising lower gas cost, more performance, do you have plans for the new ERC?
Timothea | Orion Protocol:
Haha, thank you 😅 this is all made possible through our decentralized brokerage at our core.
The entire ecosystem is built on a network of Brokers running Orion Broker Software with accounts across multiple exchanges. This software allows their computers to automatically execute trades routed from the liquidity aggregator via their trading accounts.
Brokers are chosen to execute trades based on how much ORN, Orion’s native token, they stake in the Decentralized Brokerage. Brokers receive a portion of fees from each trade they execute.
Non-Broker Stakers stake ORN to ‘vote’ for their choice of Broker based on the variable reward share offered. Brokers are incentivized to offer attractive rates to Non-Broker Stakers to grow their stake, increasing their chance of being chosen.
Nothing is mined and brokers’ machines are simply used to execute transactions via their own account, making DPoB incredibly efficient and scalable.
Q6 from Telegram User @Xusuo
From what i see Orion Protocol is a really good project, can you share how do i possibly purchase your token? any token sale or presale?
Timothea | Orion Protocol:
Presale occurred last year, but we are now listed on Binance, AscendEX, Kucoin, Gate, and MXC! You can find the links here orionprotocol.io/ORN
Q7 from Telegram User @biggdata
Currently, most investors are just looking for more gains, but ignore the long-term benefits of crypto. So what would you tell them about why they should buy and hold your token/coin over the long term?
Timothea | Orion Protocol:
Well, as I touched on earlier the key to success is sustainability through any market – bull or bear. Regardless of the state of the market, traders and businesses alike need liquidity, volume, custody, and accessibility. They need one portal to access the entire crypto market in one place – without risking their assets. Regardless of whether we’re in a bull or bear market, the industry needs Orion Protocol 🚀
From inception, we’ve paid close attention to our predecessors and identified one of the major causes of failure is lack of substantial revenue streams: focusing on one solution, one product, and one audience. But we’re here to build a sustainable future for DeFi. As such, we’ve developed an ever-growing number of revenue streams across over a dozen solutions for traders, crypto projects, blockchains, and exchanges – each with the ORN token at its core.
Not only will multiple revenue streams ensure the longevity of Orion Protocol itself, but will benefit ORN holders and stakers, too:
• Unrivaled token utility (https://www.orionprotocol.io/orn)
• Increased Daily Protocol Volume (https://blog.orionprotocol.io/stakingcalculator)
• Lucrative staking returns (https://calc.orionprotocol.io/)
• Removal of ORN from circulation (http://orionprotocol.io/ORN)
• Sustainability of the Orion Protocol business (https://blog.orionprotocol.io/orionexplained)
Q8 from Telegram User @Kushal85127939
Could you please give us an overview of Tokenomics? Please mention the key point in it for us?
Timothea | Orion Protocol:
Because it’s so important to our ecosystem, we’re committed to ensuring the sustainability of the ORN token. It’s supply-capped, meaning new tokens are never minted, while efforts are in place to strategically and frequently remove tokens from circulating supply. Orion has worked to ensure longevity of the supply-capped ORN token through a number of methods:
- Unrivaled token utility
- Non-inflationary staking
- Diminishing supply
- Strong holder benefits
- Seventeen revenue streams
At the core of Orion Protocol is the ORN token. Orion has ensured deep utility of its native token across the entire protocol, integrating it into all main transactions to take the form of an internal currency or utility token. No product or feature can work without it: ORN is required for payments, staking, participation, the unlocking of advantageous network access with discounts on trading, oracle usage, and Protocol access.
The token utility of each additional DeFi solution lies in the integral role the ORN token plays in the decentralized brokerage, with every transaction within each solution acting as a trade being carried out by a broker. With seventeen revenue streams across twelve products, ORN’s token utility is practically unrivaled.
Q9 from Telegram User @Pratze
Actually, I’m really interested in NFT Aggregator. There is so much exchanger aggregator out there but Orion Protocol is the 1st one who has this. Can you explain in short how does NFT aggregator works? Is that mean I can look and buy for NFT from other markets like open-sea, atomic, or other NFT markets using Orion protocol platform?
Timothea | Orion Protocol:
Indeed! Major NFT marketplaces will provide liquidity to the Orion network to drive accessibility, liquidity, and volume. For the marketplaces themselves, this will provide an additional point of access to listed assets, driving significant volume to their marketplace and visibility for sellers. One point of access to NFTs will benefit seasoned NFT traders by reducing the need to trade across marketplaces while increasing the accessibility of NFT assets to a wider userbase. Typically, most marketplaces take only BTC and ETH as payment methods. On Orion Terminal, traders will be able to seamlessly swap any ERC20 token for an NFT via a complex swap.
Q10 from Telegram User @feranno
What technology do you own or use makes you more unique than others? Is Orion Protocol a more innovative and useful platform than other competing platforms?
Timothea | Orion Protocol:
Everyone in the space needs liquidity in some form. Put simply, we’re building liquidity solutions for traders, blockchains, exchanges, and crypto projects on the most advanced liquidity aggregator ever developed.
I don’t think anyone in the space is really doing what we are. Parts of it, certainly. There are aggregators, there are DEX Kits, there are Developer Kits, there are Launch Pads. But no one is doing everything!
However, some community members have asked for comparisons between us and other aggregators, so I’ll share this. No shade to any of the projects of course 🙂
blog.orionprotocol.io/aggregators
Part 3 – Quiz Results
In the final part, we tested your knowledge in terms of Orion Protocol. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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